feeding them a steady diet of bull manure.â€? We develop a model of this practice of information suppression and … misrepresentation within organizations, wherein informed principals have an incentive to deliberately communicate degraded information … the principal can generally increase expected revenues by strategically controlling the timing of the information …

determines whether or not, implied volatilities, and hence market expectations, contain any genuinely forward looking information … not already captured by historical information. Historical information is represented by current levels of volatility and … measure of implied volatility used in this study. Once accounting for historical information, VIX appears to contain no …

for bargaining over the treaty’s terms. This paper makes a first attempt at modeling the conflicting goals in treaty … formation by analyzing a cooperative bargaining model of tax determination. In a simple framework, we develop hypotheses about …. We find that treaty-specified withholding taxes vary in a systematic way that is consistent with our simple bargaining …

We study the impact on asset prices of illiquidity associated with search and bargaining in an economy in which agents …. Endogenizing search intensities yields natural welfare implications. Information can fail to be revealed through trading when …

We study the impact on asset prices of illiquidity associated with search and bargaining in an economy in which agents …. Endogenizing search intensities yields natural welfare implications. Information can fail to be revealed through trading when …

offers bargaining and repeated games. Despite the forces of bargaining, the negotiation game in general admits a large number … equilibria survive. Thus, complexity and bargaining in tandem may offer an explanation for co-operation in repeated games …

negotiations involve no private information and no restrictions on the form of pricing, it is found that oligopolistically …